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Equities, Utilities, Consumer Spending Power, BioTech, Commercial Real Estate | Bloomberg Interview
Today I was invited onto Bloomberg news and was interviewed on topics like why you should be in equities this year, utilities and the potential risks in investing in them, Consumer Spending Power, BioTech, Commercial Real Estate and so much more!
 

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Palumbo Wealth Management

Lower is the New Higher
A funny thing happened on the way to lower rates… Fed projections went up, not down. Wall Street was focused on the Fed’s median for 2024 projection, which was unchanged at three 0.25% rate cuts this year. But the economic gurus at the Fed took away one rate cut in 2025 and one in 2026.

Gold is Money, Everything Else is Credit.
Gold’s traditional role in portfolios is as a haven in times of stress or perceived high risk on a shorter-term basis and longer term as an insurance policy against a decline in the value of the dollar. Gold’s recent run is interesting because it has come in the face of some factors that

Things Are Not Always as They Appear
There is an old saying about Wall Street prognosticators: Often Wrong, Never in Doubt. The first problem with prognostications is that they are typically very short-term oriented. The second problem is that they often hide counterintuitive facts. The third problem is they contain their own behavioral biases.
Since the beginning of the pandemic,

Embracing Change and Finding Purpose with Peter Sage | Philip Palumbo
Click Here to view our Podcast.
 
Peter Sage is a globally renowned serial entrepreneur with expertise in human behavior and self-mastery. His distinct perspective has earned him recognition as an exceptional individual with the Brand Laureate Award, joining past honorees such as Nelson Mandela, Steve Jobs, and Cristiano

Bitcoin is Back, With a Vengeance
Bitcoin, the ‘nothing’ asset is back, and it continues to rally after a strong 2023, but still not quite at all-time highs. Many are focusing on this rally to argue for bitcoin as a legitimate asset, but there are better reasons for that consideration.
Bitcoin is often promoted as ‘digital gold’, a scarce asset

The Elephant in the Room
We have long held that the Fed has been the dominant force in both the stock and bond markets. Rates going down? Then markets are moving up, and vice versa. That has generally been true since the recovery started in 2009. More recently, the Fed has taken a back seat. As far as the stock

The Future of NVIDIA with Philip Panaro | Philip Palumbo
Click Here to view our Podcast.
 
Philip Panaro has more than 25 years of experience facilitating large-scale digital transformations in Fortune 500 firms. He has acquired expertise in a broad range of topics around IT (digital, metaverse, blockchain, AI, crypto, ar/vr, web3.0, cyber, BPO). As a result, he was

Confused yet?
It was a week of inconsistencies.

    • Inflation has been down; now CPI and PPI are up.
    • Retail sales were strong; now they are weak.
    • Manufacturing PMIs are up; Industrial production is down.
    • Lay-off announcements are up; initial jobless claims are down.

For a data dependent Fed trying to time interest rate reductions, the data isn’t helping very much.

Monthly Jobs Report, FED Rate Cuts, Private Equity | Bloomberg Interview
I was recently interviewed by Bloomberg discussing my thoughts on Monthly Jobs Report, FED Rate Cuts, Private Equity and much more.
Please watch as I give my thoughts on these pressing issues effecting the stock market and your wealth.

Palumbo Wealth Management (PWM) is a registered investment advisor. Advisory